Question
A profit-maximizing monopolist sets an output of 100
per day and a price of £10. Which of the following statements is true?Solution
Statement a is true. The intersection of SMC and MR is always best, unless it results in a loss that exceeds the firm's total fixed costs, in which case it is better to shut down and produce nothing. To find the price a price-setter must set, we always look at the point on its demand curve at the output it wishes to sell.
Which number will replace the question mark (?) in the following series?
11, 14, 20, 23, 29, ?
In the following figure, square represents Intelligent, triangle represents Smart, circle represents Handsome and rectangle represents Students. Which o...
From the given words, select the word which cannot be formed using the letters of the given word.
ADVISORY
After arranging the given words according to dictionary order, which word will come at the ‘Third’ position?
1. Series
2. Serious
...Statement :
No stool is a desk.
Some desk are tables.
All tables are chairs.
Some chairs are benches.
Conclusion :�...
Which of the following cube in the answer figure cannot be made based on the unfolded cube in the question figure?
In the following figure, square represents Doctor, triangle represents Lawyer, circle represents Teachers and rectangle represents Indians. Which of set...
Arrange the words in a meaningful logical order and select the appropriate sequence:
1. Dhanbad
2. India
3. Wor...
Mahesh ranked 17th from the top and 31th from the bottom among those who passed an examination. 5 boys did not participate in the competition and 4 fail...
If KITE is coded as 128214 and FLY is coded as 71126, then how will SIT be coded as?